WEX Inc. (NYSE:WEX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of WEX Inc. (NYSE:WEX) have earned an average recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $183.30.

WEX has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Evercore upgraded WEX to an “outperform” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Cantor Fitzgerald set a $178.00 price target on WEX in a research note on Monday, July 27th. Finally, Mizuho upped their price objective on WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th.

WEX Stock Down 0.7%

Shares of NYSE WEX opened at $185.97 on Friday. The stock has a market capitalization of $6.34 billion, a P/E ratio of 18.52, a PEG ratio of 0.98 and a beta of 0.83. The stock’s fifty day moving average is $180.12 and its 200 day moving average is $160.77. WEX has a 52 week low of $125.29 and a 52 week high of $203.99. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million during the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter in the prior year, the business posted $3.95 earnings per share. WEX’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Sell-side analysts forecast that WEX will post 17.11 earnings per share for the current fiscal year.

WEX announced that its board has authorized a stock buyback plan on Thursday, May 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, COO Carlos Carriedo sold 1,075 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the transaction, the chief operating officer owned 11,076 shares in the company, valued at $2,060,136. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Deshaies sold 2,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the sale, the chief operating officer owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,767 shares of company stock valued at $6,832,266 over the last three months. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On WEX

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in WEX by 13,928.9% during the 2nd quarter. California State Teachers Retirement System now owns 5,361,984 shares of the business services provider’s stock worth $756,522,000 after acquiring an additional 5,323,763 shares during the period. Jupiter Topco LLC acquired a new stake in WEX during the second quarter worth approximately $559,710,000. Janus Henderson Group PLC grew its stake in WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after purchasing an additional 44,031 shares during the period. BlackRock Inc. bought a new stake in WEX in the second quarter worth approximately $446,833,000. Finally, Par Capital Management Inc. increased its holdings in WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.